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FOX Business
Oct 6, 2012 3:00am EDT
momentum could be lost because of joe biden obama biden want to raise taxes by $1 billion. guess what? yes we do we want to let the $1 trillion tax cut expire so the middle-class does not have to bear the burden. charles: mitt romney does not waste any time. >> is today the president said they do want to raise taxes. i don't want to raise them on any americans. i want to create good jobs. charles: mondex guess says the higher tax rates will lead to higher unemployment rates. with class warfare it does not matter the residual damage they're going with this. hoping the public cannot connect the dots? >> it will be interesting hallwood joe biden follows up. $1 trillion tax hike where we want to go. four years ago they told us no tax increases on 81 making less than $250,000. the economy is languishing worse where looking for more tax hikes and four years ago it was zero tax hikes? we have all been hit now we know how the middle-class and people will be affected. obamacare has at least seven pin tax hikes and 30 more on top of that. charles: we discover a couple more every month. [laughter] bu
Oct 9, 2012 3:00pm PDT
. the centerpiece of governor romney's economic plan is a new $5 trillion tax cuts that favors the wealthiest americans, but most of the economists who have crunched the numbers said that paying for governor romney's tax plan -- one or the other. pick your poison. last week when we were on stage together. governor romney just pretended it didn't exist. what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention for that tax cut under the carpet behind the curtain. >>> romney's pretending his tax cut plan doesn't exist, but the president won't let him get away with it. he also won't let him get away with hitting the middle class to protect his own tax rate. >> governor romney said it's fair he pays a lower tax rate than a teacher or autoworker who makes $50,000. he is wrong. i refuse to ask middle-class families to give up their deductions for owning a home or raising their kids just to pay for another millionaire's tax cut. i refuse to pay for that tax cuss by asking you students to pay more for college or kicking kits out of headstart or
Oct 10, 2012 8:00pm EDT
's about taxes and what is going to happen next year with taxes? the enormous regulatory burden coming out of washington. people don't know how much it's going to cost to have that new employee that they might hire with the health care health care bill or the epa regulations. all of those things that bavarian certainty that's in the marketplace. there was just a survey that came out and said that 67% of small businesses today are not hiring because they don't know what to expect next year. and that is why we have got to have taxes to have some certainty as far as what the regulatory burden is going to be and then we can unleash this economy. we will give people the confidence to hire, to grow their business and to invest and that really is the biggest issue today for small business people certainly and really all businesses. >> moderator: i'm going to stop either congressman and kevin asked to what is the most important and i'm going to ask you what's the worst thing that congress can do right now as it tries to drive economic growth? latham: it's a tossup between increased taxes but i rea
Oct 11, 2012 3:00am PDT
that they are not going to cut taxes in way that willed a to the deficit, and i'll bet they are also claim that they are not going to raise taxes on the middle class, but they'll give the middle class a tax break. all of those lies we have heard before. and obamacare is a big government program. i don't think joe can be too aggressive. he doesn't have to be obnoxious. that's not his style anyhow. but he has to take on every single one of those. the other thing i think is is important for joe biden, i believe, that he has got to remember, that this is not for him. nobody is going to vote for him or paul ryan. if you are going to vote for just joe biden or paul ryan. if you want to vote for paul ryan and joe biden, you can't do that. it's not about paul or joe, it's about barack obama and mitt romney. and joe biden has to keep bringing it back to the fundamental choices. move forward with obama or move backward with mitt romney. i think joe has to make that point over and over and over again. and then i think it is important for us to realize that in the past there have
Oct 9, 2012 7:00am EDT
-end, point, where a number of provisions need to be dealt with. it is a massive combination of taxes and spending. we have the george w. bush era tax cuts that were extended two years ago and now expire at the end of the year. these are tax cuts that lower tax rates,hat impact americans all across the income scale. you have tax breaks on higher income, lower income that would shift if congress fails to act. there are middle-class tax breaks that are part of that. congress does not do anything, almost everyone's taxes would go off. there is a sizeable package of spending cuts to the federal government, 100 billion for the next fiscal year that would hit several departments evenly across the pentagon and domestic agencies. these spending cuts were the product of white listeners would remember as the debt ceiling negotiations -- of what listeners would remember as the debt ceiling debate where leaders could not get the debt load under control and they essentially said all right, since we fail to come up with a plan to a month next year we will automatically trigger these -- to come up w
Oct 10, 2012 9:00am EDT
, i never have enough money to do it. the middle class needs relief, tax relief, they need help now. the focus will change with barack obama. >> moderator: governor, please, if you want to respond to what he said about -- palin: i'd like to respond about the tax increases. you know, we can speak in agreement that darn right we need tax relief for americans so that jobs can be created here. now, barack obama and senator biden also voted for the largest tax increases in u.s. history. barack had 94 opportunities to side on the people's side and reduce taxes, and 94 times he voted to increase taxes or not support a tax reduction. 94 times. now, that's not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more of what we earn and produce. government's going to have to learn to be more efficient and live with less if that's what it takes to rein in the government growth that we've seen today. but we do need tax relief, and barack obama even supported increasing taxes as late as last year for those families making only
Oct 6, 2012 12:35am EDT
night in denver. something that really came up a lot during the debate was taxes. take a look. >> taxes. >> taxes. >> taxes. >> taxes. >> taxes. >> taxes, taxes, taxes. >> taxes. >> tax, tax, tax. >> tax. >> tax, tax. >> tax. >> tax, tax, tax, tax, tax. >> let me talk specifically about taxes. [ laughter ] >> jimmy: and now to sports, or as it's said in reverse strops. [ light laughter ] a group of people who hate field goal posts demonstrated their rage at a recent game. [ light laughter ] no people were injured but the field goal post is in critical condition -- [ laughter ] now, to "tick-tock tech talk," your source for the latest in technology development. here to give his review of the iphone 5 is tech correspondent, greg laspo. greg? >> thank you, jimmy. where do i begin with the iphone 5? let's start with my favorite feature right here on the back of the phone -- new 8 mega pixel camera. this thing takes stills and -- [ phone rings ] excuse me, jimmy. hello? what? oh, no. oh, i'm so sorry. wow. okay. thank you. bye. >> jimmy: everything okay, greg? >> my cousin's horse choked on
Oct 8, 2012 7:00pm PDT
taxes for the wealthy. in the primary he said he's going to cut taxes for everyone. >> i'm going to lower rates across the board for all americans. isn't that a change? >> let me repeat what i said. >> lying, denying and alibiing. >> is that leadership? >> we can't debate the debate. >> the war continues. >> let's move on. >> we are awaiting a major foreign policy address. >> romney boiled down the president's foreign policy to one of hope. >> hope is not a strategy. >> but on actual foreign policy romney's specifics were rather thin. >> i'll support the libyan's people efforts to support a lasting government. >> how about iran? >> prevent them from acquiring nuclear weapons capability. >> that's the same. >> this is the same guy who couldn't even go to the olympics. >> he will say anything, he will do anything. >> his mention of russia. >> without question of number one geo political foe. >> there are two kinds of success, initial and ultimate. >> i still believe you in and i hope you still believe in me. if you vote for me in november i'll finish what we started. >> with four w
Oct 12, 2012 12:00pm PDT
with, my neighbors, they pay more effective tax than governor romney pays in his federal income tax. >> governor romney is a good man. he cares about 100% of americans in this country. with respect to that quote, i think the vice president very well knows sometimes the words don't come out of your mouth the right way. >> but i always say what i mean. >> and of course the two sparred over entitlements. >> look, these guys haven't been big on medicare from the beginning. their party's not been big on medicare from the beginning and they've always been about social security as little as you can do. look, folks, use your common sense. who do you trust on this? a man who introduced a bill that would raise it $6,400 a year, knowing it and passing it and romney saying he'd sign it or me and the president? >> that statistic was completely misleading but more importantly -- >> those are the facts, right. >> these are two politicians do when they don't have a record to run on, try to scare people for voting for you. >> one of the most contentious moments of the night was about tax cuts and th
Oct 12, 2012 2:00pm EDT
on that but the fiscal cliff being the package of spending cuts and tax increases that are scheduled to go into effect the end of the year. and there is a lot of worry among economists and business people that could throw the economy and spending cuts in defense, you've got a lot of defense contractors word rid about what is going to happen after the turn of the new year. it's anybody's guess in terms of whether congress can come together after the election but before every new person takes office. there is hope that in the november through january period that congress and the white house can come to an agreement and either postpone those spending cuts or tax increases or come to some new agreement on the budget that could replace the fiscal cliff. i think there will be a postponement of it and perhaps waiting for the new presidential and congressional elections, wait until they come in and sort it out. but depending on how the election goes, the lame duck session which will be in office after the election might be a reason to make a deal before the new people come in. so we'll see. host: the next cal
FOX News
Oct 7, 2012 9:00am PDT
>> eric: that's it for us. >> jamie: shannon? >> my plan is not to raise taxes on anyone. i'm going to reduce taxes for middle-income americans. >> mr. romney wants another $5 trillion in tax cuts that he can't pay for. >> you can't have it both ways. a battle over $5 trillion, your tax dollars, president obama says a tax cut by the governor would roll out benefits to only the wealthiest americans at the cost of the middle class. romney says, no matter how many times the president says it it is not true. who is telling the truth? i'm shannon bream, live in washington. we have representatives from both sides of the aisle. rnc chairman, reince priebus and dnc chairwoman, debbie wasserman-schultz. welcome. we start in washington with reince priebus. i want to talk about the unemployment numbers for september, 7.8%, the lowest since president obama has been in office. he said, you can't turn back now, america is moving in the right direction. has he made a case that we are seeing recovery? >> not at all. first of all, we will let the economists argue over the numbers. i know people are
Oct 11, 2012 7:30pm PDT
borrowing, higher taxes, a government takeover of health care. it's not working. it's failed to create the jobs we need. 23 million americans are struggling for work today. 15% of americans are in poverty. this is not what a real recovery looks like. you deserve better. mitt romney and i want to earn your support. we're offering real reforms for a real recovery for every american. mitt romney, his experience, his ideas, his solutions is uniquely qualified to get this job done. at a time when we have a jobs crisis in america, wouldn't it be nice to have a job creator in the white house? the choice is clear. a stagnant economy that promotes more government dependency, or a dynamic growing economy that promotes opportunity and jobs? mitt romney and i will not duck the tough issues. and we will not blame others for the next four years. we will take responsibility and we will not try to replace our founding principles. we will reapply our founding princip principles. the choice is clear. and the choice rests with you. and we ask you for your vote. thank you. >> and thank you, both, again. t
Oct 12, 2012 6:00am EDT
it was hard to kind of discern -- on medicare, on the tax, i thought biden did a great job on raising the question how do you pay for it, give us something. >> i walked away from that with a little less understanding of what both of them were talking about. i was a little more confused. >> i understand, but if you were someone who came in -- if you were completely confused by the first debate, trying to figure out what's different about these two party, don't you think after last night -- >> i feel like they went back to talking point, but i didn't get anymore -- >> you're making the point we had no wrd what tidea what the s are. it took biden? the guy running the country should have been making -- >> you'll hear it in the next debate. part of his job was to make those distunkss. >> we did think about putting me while you were talking in a box next to you and i was going to do all these weird is expressions. but we didn't do it because we respect you. >> thank you for not. >> mr. wewe -- i won't come it. >> very wise of you. no, i won't do it. >> thank you for being up early with us.
Oct 12, 2012 9:00am EDT
will tax people who are trying to get somewhere instead of taxing people who are already somewhere. these people who are making billions of dollars have enough money to help others in need. they have enough money to give to the ones in need. instead of uniting the country and doing bad, we decide that we want to say, listen, we are going to pay these guys more than we will pay these guys. you have people on welfare that are barely making it. and obama is giving them a fighting chance. we have to give -- let me just say this one thing. and we ought to give the community a fighting chance. everybody has to have a fighting chance, as joe biden was saying last night. that is what they are thinking. host: did you participate in the democratic national convention in charlotte, when it was down there? caller: yes, sir. i was working down there. it was a mandatory work. host: what kind of work were you doing down there? caller: i was doing the about term attendant jobs at the airport. but i have just got laid off. and i'm going to re hard time. tuesday that 47% of the country does not want
Oct 10, 2012 11:00pm EDT
. i would say americanness the way. as the well, but does know the way. more efficient tax system would've created much more certainty and a whole bunch of policy. i still think it's doable. the leaders need to say we're going to do it. >> when you think of the outlines of something like simpson/bowles for sure and has to include something is entitlement reform, spending control, tax increases? >> most businesspeople are not partisan, not parochial. we can all spend 20% of the government. i think simpson/bowles is 21%. and none have an system. so simpson/bowles is a far more efficient tax system that gets this huge waste, fiction costs in our society, legal system, uncertainty. so yeah, we would have had better growth and simpson/bowles was four for one or whatever, close enough it would've been good enough. if you get the growth going again, gross people out. >> let's talk about gross. the united states has been out for several years growing at roughly half which you might call the modern historical rate and set up in mid-30s, we are courageous below to give her a tape. if you ar
Oct 11, 2012 12:00pm EDT
. because the medical device companies are facing a tax on their sales going into effect next year. there is possible legislation around to remove that tax. if romney wins, it's more likely it'll be removed. >> understood. sam, thanks. >> you're welcome. >> do you have a trade, josh brown? >> yeah. i think you go broad. i've been recommending x lv, sector play. it's getting realitily tough, though, to find so-called cheap pharma stocks. up 22% year to date. one of the best sectors out there. it's getting a little bit slimmer. i still like the group overall. >> wonder what the dividend issue would be, weiss, if you're looking at some of those big pharma stocks, whether it's pfizer, merck, or some of these other names depending on -- >> yeah. absolutely. they are pretty hot. they've come down quite a bit from 5% and 6%. hmos, start shaving some of your holdings. >> these issues and many more will come up in tonight's vice presidential debate. cnbc begins special coverage of the debate at 7:00 p.m. eastern time. >>> all right. still to come on "halftime," banking on earnings. what you
FOX News
Oct 8, 2012 3:00am PDT
the attacks. a week ago paul rhine was asked to explain the math of a tax cut and he said i don't have time. governor mitt romney had a massive performance and the underpenings of that was dishonest f. you are willing to say anything to get elect make up your positions, american people have to understand how they can elect you. >> steve: is calling mitt romney and ryan a good strategy. here to weigh in is washington insider amelia and democrat pollster marjorie. good morning to both of you. >> margey. it does sound like according to the new york times, 10 minutes before the end of the debate they were on a conference call talking about he stunk up the place. we'll have to go full steam ahead on a new attack and that is going to be romney is a liar. >> any time you hear mitt romney express different position than the day before it is for voters to know. we would be talking about mitt romney's loose interpretation of the facts regardless of what the people thought of the pet's performance. his own campaign walked back what romney said about covering people with preexisting conditions in the h
Oct 12, 2012 4:00am PDT
? >> this was exactly what we needed to stop us from going off the cliff. >> reporter: can a middle class tax hike be prevented if the wealthy get a tax cut? >> it's not mathematically possible. >> it is mathematically possible. it's been done before. it's precisely what we're proposing. >> it has never been done before. >> reporter: on the style side, biden smiled a lot. ryan, a debate rookie, kept his cool. so did ryan add to the romney momentum or did biden help put the obama campaign back on track? now the pollsters go to work to try to figure that out while voters digest the second of four debates. in danville, kentucky, i'm steve handlesmen, nbc news, lynn, back to you. >>> steve, thanks so much. president obama and mitt romney will have their second debate at hofstra university. well, nbc's andrea mitchell led our truth squad in danville last night with a fact check of the debate. she started with the deadly september 11th attack on the u.s. consulate in benghazi and paul ryan accusing the obama administration of not properly protecting u.s. personnel. >> what we should not be doing is reje
Oct 12, 2012 12:00pm EDT
of laughs. >> i know you are under a lot of brass -- duress. >> he also challenged mitt romney the's tax plan. >> it should not be surprising geared for a guy who says 47% of people are unwilling to take responsibility. they pay more tax than gov. romney pays. >> the moderator's as the setting was more intimate. >> the jabs at one another, it felt was more personal. >> both sides are claiming victory as the waste no time heading back out on the campaign trail to rally more support. >> it is basically a tie. joe biden brought energy. and paul ryan brought the seriousness the republicans needed. >> today on the campaign trail is back to business for both of them. joe biden will have to hire with mitt romney. first, fighting for virginia. a live picture ready to get under way in richmond. scott thuman is there with a report starting at 5:00 p.m. the meantime, coming up on news at noon, if either going to extremes to protect his children. what police are saying about this threat to shoot anyone who hits his child. and the secretary of defense setting up a warning about what he calls a cyber
Oct 11, 2012 6:00am EDT
every day. >> if i was paris, the whole conversation was about carbon taxes and what's really going to happen. what do you expect will happen? >> i think in this country the likelihood of a carbon tax anytime soon is not there. >> we'll wait for china and india. >> clearly over the next five years or possibly ten years there will be no appetite here for that, but given what -- i'm telling you, the view is a complete -- >> their energy policy is primarily a climate policy. >> you don't even need -- it's not co2, andrew, we'll know within five years. >> some people say it doesn't work. >> i have six chapters on that subject in "the quest." so i think dealing with carbon, the carbon has gone up. >> 400 parts per million. >> that's right. >> that means there's 9.9 -- 999,999.99999999 carbon dioxide. chill. it's eight-tenths. >> i'm chilling. i'm just telling you. >> that's the problem, we're not chilling, we're heating. >> dan thank you for being here. >> thank you. >> we have to put this on our bookshelf so we need a signed copy. >> let me just say thank you, i'm honored to have this a
Oct 8, 2012 4:00pm PDT
chosen, denied the big tax cut from 35% down to 28% for people at the top bracket. the all-out elimination of the estate tax, the big-time cut in the corporate rate. he denied his plan to eliminate medicare, denied he would kill coverage for those with pre-existing conditions. he got away without bothering to deny his plan to let the automobile industry to go bankrupt and to dump 40 million people to wait in the emergency room. let's look at some of the latest polling in the wake of wednesday's debate. this afternoon pew released a poll that showed a dramatic shift toward romney. this poll covers the four days since the debate, and it has romney pulling even with president obama among registered voters, 46% even. four weeks ago pew had obama up by nine among registered voters, so this has been a huge shift in the pew poll. the move in the pew poll towards romney is greater among likely voters. romney is surging ahead to 49%. four weeks ago obama led among likely voters by eight. now to the latest gallup tracking poll which covers the last seven days. gallup has president ob
Oct 11, 2012 6:00am EDT
not have the will. a more efficient tax system, more certainty. i think we would have been booming. it's doable, but we need the leaders saying we're going to do it. >> when you think of something like simpson-bowles, do you think it needs spending reform, tax increases? >> we can all sit here. i think it is 21% and then you have an efficient tax system. it is a far more efficient tax system so it gets this huge waste, this coefficient cost, not a bad tax system, a legal system, uncertainty. you would have had better growth. i'd think it was four to one, or whatever it was, but close enough would have been good enough. it does not have to be exactly right. once. starting a down, it would pay for a lot. >> the united states has been now growing at roughly half of what you might call the modern historic rate of economic growth. we're growing in fiscal 2002, give or take. if you were advising the next president, be it obama or romney, to say publicly here are the few things we should do in order to generate economic growth, one would obviously be some kind of comprehensive budget deal, bu
Oct 11, 2012 1:00pm EDT
that on is to reform the tax code, broaden the base, simplify the code, wipe out these tax expenditures and use that money to reduce rates, to encourage growth, and also to bring down the deficit. that's really attacked these entitlement problems. slow the rate of health care. make social security sustainably solvent. we can't afford to spend more in the next 17 largest countries and then to take that money and some of it invest it and let's invest it in those things that america has to invest in to be competitive globally. >> i would say those same things to the candidate of my party. >> lloyd, has wall street, has business, done enough to push politicians towards better solutions? >> the answer to that of course, they have never done enough. wall street has been business in general, wall street in particular, finance in particular has been a bit under the gun and i think some reaction and -- shame on us to some extent -- has been to hunker douhunk er down and keep our heads below the parapit. i think we have the experience and competence to let people know what the consequences -- political s
FOX News
Oct 10, 2012 3:00am PDT
. tax cheat and loves to lay off people and loves to lay off people all in favor of the rich . they heard romney explain himself, and explain the depth of his compassion and the strength of his feeling, the rest of the country got to know him. >> gretchen: could it be that women are thinking about the economy and not just contraception which was what the democrat platform was. they heard about the economy in that debate. >> they had the economy on their mind all along. most of the job loss has been among women. they have had that on their mind and people particularly women wanted to do something different about the economy and change. but they were worried about romney and so they couldn't make the transition . the debate moved them closer and the transition became easier. >> gretchen: dick will stay around. bob beckle said biden will beat paul ryan leak a drum. and the law said you can't kick her out. we are not kidding. ♪ ♪ ♪ here i am. ♪ back in the middle with you. ♪ ♪ [ female announcer ] food, meet flavor. flavor, meet food. it's time for swanson flavor boos
Oct 8, 2012 6:00am EDT
's got a lot of dough, and hasn't released any tax returns, zero tax returns i think. what did you find out, anything? >> billion in a prior story, not this story, when we looked at earmarks we did find earmarks that was very close to his undeveloped property. >> right, i saw a nice deal here on a land deal in 1998, 700 grand. anyway, just wondered. >> right, exactly. we have a whole host of stories that we've done that look more at this intersection between their duties and their personal assets and that's -- >> that's the best way, not with a couple of, you know, stock tips in congress. i like it ben they do the earmarks, where they buy something and then maybe check the former speaker, too. anyway, right? kimberly, thank you. appreciate it. >> thank you very much for having me. >> all right, see you. >>> oh, it's me. coming up, this morning's top stories set to foreboding music. the rails for the white house, both hitting the campaign trail. former governors face off in the issues and former hp boss carly fiorina, why she calls the board a serial dysfunction, and not like cereal. you
Search Results 0 to 49 of about 115 (some duplicates have been removed)